Schlumberger Ltd (NYSE: SLB) is 7.77% higher on its value in year-to-date trading and has touched a low of $36.52 and a high of $55.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLB stock was last observed hovering at around $42.54 in the last trading session, with the day’s loss setting it -1.22%.
Currently trading at $41.32, the stock is 2.65% and 0.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.07 million and changing -2.87% at the moment leaves the stock -6.43% off its SMA200. SLB registered -21.25% loss for a year compared to 6-month loss of -15.38%. The firm has a 50-day simple moving average (SMA 50) of $40.9804 and a 200-day simple moving average (SMA200) of $44.15805.
The stock witnessed a 9.51% gain in the last 1 month and extending the period to 3 months gives it a 0.17%, and is -5.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 2.71% over the month.
Schlumberger Ltd (SLB) has around 110000 employees, a market worth around $57.88B and $36.31B in sales. Current P/E ratio is 13.29 and Fwd P/E is 10.98. Profit margin for the company is 12.29%. Distance from 52-week low is 13.15% and -25.80% from its 52-week high. The company has generated returns on investments over the last 12 months (13.64%).
with sales reaching $8.66B over the same period.The EPS is expected to grow by 0.67% this year, but quarterly earnings will post 1.97% year-over-year. Quarterly sales are estimated to shrink -0.57% in year-over-year returns.
Schlumberger Ltd (SLB) Top Institutional Holders
2005.0 institutions hold shares in Schlumberger Ltd (SLB), with institutional investors hold 84.83% of the company’s shares. The shares outstanding are 1.40B, and float is at 1.40B with Short Float at 5.15%. Institutions hold 84.66% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 136.28 million shares valued at $6.43 billion. The investor’s holdings represent 9.5231% of the SLB Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 119.84 million shares valued at $5.65 billion to account for 8.3749 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 103.94 million shares representing 7.2638% and valued at over $4.9 billion, while STATE STREET CORP holds 6.267 of the shares totaling 89.68 million with a market value of $4.25 billion.
Schlumberger Ltd (SLB) Insider Activity
The most recent transaction is an insider sale by Ralston Dianne B., the company’s Chief Legal Officer & Sec. SEC filings show that Ralston Dianne B. sold 43,161 shares of the company’s common stock on Jan 21 ’25 at a price of $43.96 per share for a total of $1.9 million. Following the sale, the insider now owns 0.24 million shares.
Schlumberger Ltd disclosed in a document filed with the SEC on Jan 21 ’25 that Kasibhatla Vijay (Director, M&A) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Jan 21 ’25 and was made at $43.94 per share for $1.1 million. Following the transaction, the insider now directly holds 49595.0 shares of the SLB stock.
Still, SEC filings show that on Jan 21 ’25, Al Mogharbel Khaled (EVP, Geographies) disposed off 123,097 shares at an average price of $44.09 for $5.43 million. The insider now directly holds 184,626 shares of Schlumberger Ltd (SLB).
